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and then that data is shared once it's public with them to help them kind of understand the political environment, what they're facing, what is happening beyond just their own individual races. >> well, so, you don't, then, go into the corporate world? is that what you're telling me? >> i don't. we are very, very focused on, you know, we're very good at campaigns. we're very good at winning campaigns. that's where we keep our focus. it's not about money. it's more about we're a republican firm that work with republican candidates. >> all right. well, there's nothing wrong with money in my world. let me just ask you, don't some of your colleagues, you know, take this political prestige, i'm going to call it, and put it to work with private corporations? >> they do. and it's what you're all about. i mean, we -- our company has been around for 35 years. the -- my partners and i used to work for the party. and way wa and we wanted to keep working campaigns and we'll do it for i believe several decades more. different people have different focuses. you know, i've worked in campaigns ever since i was a
and then that data is shared once it's public with them to help them kind of understand the political environment, what they're facing, what is happening beyond just their own individual races. >> well, so, you don't, then, go into the corporate world? is that what you're telling me? >> i don't. we are very, very focused on, you know, we're very good at campaigns. we're very good at winning campaigns. that's where we keep our focus. it's not about money. it's more about we're a...
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Nov 16, 2012
11/12
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don't call in sick, and they make it clear they're walking off because they are protesting the work environment there at walmart where they don't feel they're being heard appropriately, are they likely to be fired? >> we want to listen to them. we want to hear whatever their concerns are. you know, not with a union representative there. they've been to our home offices. we want to sit down and listen to them, but they don't want to do that. every circumstance is going to be different on black friday. we'll take them on a case by case basis. >> we hope you can figure this out. thank you, david. >> thanks for having me on. >>> we are counting down to the bell. let's take a look at what the dow is up to. we have been all over the place today. at this stage, we're moving up by 0.3%. that's 37 points. >> i've heard the bias on the close is to the up side, to the buy side. we'll see if that holds. apple shares have lost a quarter of its value in the past two months alone. when we come back, we'll look at if this is the ultimate bargain or ultimate value trap in talking numbers. >>> plus, delta is res
don't call in sick, and they make it clear they're walking off because they are protesting the work environment there at walmart where they don't feel they're being heard appropriately, are they likely to be fired? >> we want to listen to them. we want to hear whatever their concerns are. you know, not with a union representative there. they've been to our home offices. we want to sit down and listen to them, but they don't want to do that. every circumstance is going to be different on...
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Nov 16, 2012
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i think dividend payers will continue to work in what i see as a bond friendly environment for the economy. >> if the dividend rate does change and it is impactful to the change, empirical data shows that 3 months to 6 months they underperform non-dividend payers by 50%. >> grasso, do you have trades on it? >> i bought wynn for a growth story, not a special dividend. what's important to viewers is to know that once it goes ex-div, they do not have to hold it until the payable date. if they're trading off this, it is one thing. if they're investing off this, totally different. the dividend plays, 402 out of 500 s&p companies pay a dividend, the most since '99. any change to the dividend status is impactful to the overall market. >> what's your microsoft? watch out for that. >> more on the market move, moving higher. plus casino company makes a huge bet and it is paying off for shareholders today. so will others follow suit. lots more halftime report straight ahead. [ female announcer ] the next generation of investing technology is now within your grasp with the e-trade 360 investing dashbo
i think dividend payers will continue to work in what i see as a bond friendly environment for the economy. >> if the dividend rate does change and it is impactful to the change, empirical data shows that 3 months to 6 months they underperform non-dividend payers by 50%. >> grasso, do you have trades on it? >> i bought wynn for a growth story, not a special dividend. what's important to viewers is to know that once it goes ex-div, they do not have to hold it until the payable...
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Nov 16, 2012
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is the environment todayyee i f still a good place to in more or less friendly? >> there is no compare ton. when mr. putin came in, he changed the tax code which made a huge difference.ie ton. when mr. putin came in, he changed the tax code which made a huge difference. it was 13% flat tax, corporation tax 24% and suddenly you couldn't invest in companies because could you understand what was in the financials of the company. so accounting firms grew. advisory firms grew and the market became a much better place to invest. so today i don't believe there is a huge difference. you just have to understand the environment. >> so does it create opportunities? if you're looking around the world and not seeing a lot of attractive places, should russia be one of them? >> russia should be. it's growing at 4%. it's the biggest consumer market in europe. so there is enormous amount of opportunity. the problem has been and continues to be the perception western investors have about investing there. so there is this sort of idea that if you invest in russia, you'll lose your
is the environment todayyee i f still a good place to in more or less friendly? >> there is no compare ton. when mr. putin came in, he changed the tax code which made a huge difference.ie ton. when mr. putin came in, he changed the tax code which made a huge difference. it was 13% flat tax, corporation tax 24% and suddenly you couldn't invest in companies because could you understand what was in the financials of the company. so accounting firms grew. advisory firms grew and the market...
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Nov 15, 2012
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based on what we think the macroeconomic environment is going to do. >> so you were at that meeting at the white house this week. you joined a number of ceos at the white house yesterday. did the president give you hope that layoffs can be avoided at aetna? how was that meeting? >> i thought the meeting was a very constructive, very frank and open dialogue. i was impressed with the level and the grasp of the issues that the president had and his willingness to listen to american business about the ways that we needed to solve this problem. i think there is is a path to get this done. it's not going to get all done before the end of the year. but i think our message to the president was we're here to support you if you can avoid the cliff and put together a very specific framework on how we're going to get the economy going. because going over the cliff creates more joblessness. and if we can avoid that, we still don't grow the economy in 2013, so we need to show the business community, and quite frankly, all americans, that we have a plan to deal with this deficit so that we can grow e
based on what we think the macroeconomic environment is going to do. >> so you were at that meeting at the white house this week. you joined a number of ceos at the white house yesterday. did the president give you hope that layoffs can be avoided at aetna? how was that meeting? >> i thought the meeting was a very constructive, very frank and open dialogue. i was impressed with the level and the grasp of the issues that the president had and his willingness to listen to american...
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Nov 14, 2012
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we're talking about a high regulatory environment. who the heck knows what happens over the near term on the fiscal cliff. is it more prudent to stay on the sidelines? you want to look for specific situations? >> let's assume they're in. they're not traders. we're an advisory conference. they're in the market. i think to sell here, to just get nervous, panic, see what's on the news and to throw it in is not prudent. we're coming into thanksgiving. you have good seasonality. i think we get a lift. when we get a lift, if you are this person who says i need to take some risk off the table, that's when you do it. so if you're looking to go into 2013 and you are uncertain, as i am, i think we have a lot fourth go down. so if you're a trader, i think you can trade this to the up side. if you're a longer term investor, you get a pop, you take some off the table and you re-evaluate like in six months. >> that's the strategy. wait for a gain so you're not selling out at the bottom here. >> i think selling in the red today is not prudent. >> ok
we're talking about a high regulatory environment. who the heck knows what happens over the near term on the fiscal cliff. is it more prudent to stay on the sidelines? you want to look for specific situations? >> let's assume they're in. they're not traders. we're an advisory conference. they're in the market. i think to sell here, to just get nervous, panic, see what's on the news and to throw it in is not prudent. we're coming into thanksgiving. you have good seasonality. i think we get...
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Nov 8, 2012
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the regulatory environment much as it is today, banks were the worst performer in the bull market of the '50s. it's not about earnings. you won't get earnings. you will not be able to get an r.o.e. to a level that makes sense. that's a big issue. the capital spending softening that we've seen all fall is also a big consideration, and you see that showing up in enterprise tech, and so i would be very reluctant to delve back into those areas. what has worked is stocks with bond-like characteristics, the idea the fed keeps pushing money into fixed income assets, making risk free assets more and more expensive. >> talking utilities? >> yes. >> but the utilities will get hit with the dividend tax rate. >> right, and i wrote in a note yesterday in the near term there's going to be nowhere to hide. you probably do want to buy those stocks with bond-like characteristics if they do significantly underperform because no doubt the fed will replace operation twist with another call it qe4 and that will continue to work, but right now for me there's no where to hide. >> i can't say i disagree. on
the regulatory environment much as it is today, banks were the worst performer in the bull market of the '50s. it's not about earnings. you won't get earnings. you will not be able to get an r.o.e. to a level that makes sense. that's a big issue. the capital spending softening that we've seen all fall is also a big consideration, and you see that showing up in enterprise tech, and so i would be very reluctant to delve back into those areas. what has worked is stocks with bond-like...
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Nov 12, 2012
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if you have a supervisor who's having a relationship with a subordinate and it creates a difficult environment for the other members of the team. is there legal recourse by those other members of the team, and if there is, how often does that type of action happen? >> in my experience it's unlikely that someone would sue for a situation like that but i can tell you from personal experience that they certainly complain. they find it very disturbing to work with people who are having an affair and so they certainly are unhappy about it. clearly there is huge legal ramifications for having an affair with a subordinate. when we know many companies that have had to pay very large fines because of that. so it is expensive and dangerous. >> thank you very much. the book again, "the discrete guide for executive women -- how to work well with men and other difficulties." as sex scandals rock the defense world, women are stepping in to lead. top companies now choosing females as their chief executives. the latest hire, lockheed martin, long-time executive marilyn huson. is this a trend or is the industr
if you have a supervisor who's having a relationship with a subordinate and it creates a difficult environment for the other members of the team. is there legal recourse by those other members of the team, and if there is, how often does that type of action happen? >> in my experience it's unlikely that someone would sue for a situation like that but i can tell you from personal experience that they certainly complain. they find it very disturbing to work with people who are having an...
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. >> eric, how do you make money in this uncertain environment? >> bill, thanks for having me. we're going long and short various sovereign debt and currency instruments. given the election on tuesday, the fact we know the fed is going to be on hold for forever, the dollar is going to weaken. i think there's lots of non-dollar stocks that are attra attractive. >> all right, gentlemen. thank you. >> want to get to bertha coombs with breaking news. she's at the flash desk. >> we've been watching the stocks here. take a look. we've got a recall on nestle. it's recalling its chocolate saying one of the elements that goes into it has been exposed to salmonella. they're voluntarily recalling a number of sizes. you may want to check the label and check with your store. >> wow. hasn't affected the stock yet. >> not yet. chocolate milk very popular. >> yes, it is. thanks, bertha. >> 15 minutes before the closing bell sounds. we're worsening as we speak. down 82 points on the industrial average. >> banks have been one of the few bright spots on wall street today after a massive selloff o
. >> eric, how do you make money in this uncertain environment? >> bill, thanks for having me. we're going long and short various sovereign debt and currency instruments. given the election on tuesday, the fact we know the fed is going to be on hold for forever, the dollar is going to weaken. i think there's lots of non-dollar stocks that are attra attractive. >> all right, gentlemen. thank you. >> want to get to bertha coombs with breaking news. she's at the flash desk....
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Nov 9, 2012
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credit is doing so well and we're into this environment where people feel like it is all falling apart. ultimately you have the opposite now with corporate credit new issuance market on fire meaning in a good way and with yields up until the last couple of days near record lows. until you shut down money availability, you don't go into recession. if you don't go into recession, you go up. >> paul, do you see any holes in the argument that tony just put forward for being so bullish? >> i i agree with tony on the point valuations are low right now. the credit markets are positive. but i think in the short term here we have this big issue obviously with the fiscal cliff and brian, in your first segment, you had both sides, democrats saying they won and republicans saying they won in the house. so each side is -- seems to be digging in their heels more. >> my way or the highway, right? >> the president may have been more conciliatory but each one wants the other side to bend to their will. >> i don't want to get into politics again because i'm burned out, i don't like politics anyway, paul
credit is doing so well and we're into this environment where people feel like it is all falling apart. ultimately you have the opposite now with corporate credit new issuance market on fire meaning in a good way and with yields up until the last couple of days near record lows. until you shut down money availability, you don't go into recession. if you don't go into recession, you go up. >> paul, do you see any holes in the argument that tony just put forward for being so bullish?...
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Nov 16, 2012
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dell says a challenging macro economic environment is continuing into the current quarter. >>> schiff nutrition is the subject of a bidding war between two players, it had previously agreed to be bought by bayer. >>> hostess is expected to announce if it's going to go ahead with plans to liquidate, this is something it's been threatening to do if striking workers didn't return. hostess is operating under bankruptcy protection and we've been watching that closely. on a global report, there are reports out of israel, two hamas rockets have hit southern tel aviv, landed in an open field and reports say they did not cause any damage but this comes after a night of air strikes by israel against hamas in the gaza strip and we are watching that situation closely as well. joe? >> cnbc is making the push to rise above and yesterday former wyoming senator, alan simpson and the simpson of simpson-bowles spoke to cnbc and pretty much laid out our campaign. >> the leaders of both parties who think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is, that we co
dell says a challenging macro economic environment is continuing into the current quarter. >>> schiff nutrition is the subject of a bidding war between two players, it had previously agreed to be bought by bayer. >>> hostess is expected to announce if it's going to go ahead with plans to liquidate, this is something it's been threatening to do if striking workers didn't return. hostess is operating under bankruptcy protection and we've been watching that closely. on a global...
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Nov 14, 2012
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when we bought it just superior business model in a tough environment. if things get better, great, employment improves, we're going to have more hook-ups, housing improves, more connections, great growth story. if things don't get better, we're trying to protect for the downside and keep that optionalty if the economy improves. comcast could be a monster return on capital going forward. and that's been a big core holding for quite a while, as well. >> no kidding, you've done well -- you bought it down in the low 20s? >> i don't know the actual cost price in front of me. i can tell you it's been one of our big holdings for a couple of years. home depot and lowe's we bought at the end of '11. we had a thesis that housing was bottoming. and now the housing improvement is accelerating and that's a big deal for the u.s. economy when you think about the spillover effect in construction jobs, you know, furniture, auto, cement, everything that comes with household formation in new home purchases. >> well, we want to thank you for joining us today. >> my pleasur
when we bought it just superior business model in a tough environment. if things get better, great, employment improves, we're going to have more hook-ups, housing improves, more connections, great growth story. if things don't get better, we're trying to protect for the downside and keep that optionalty if the economy improves. comcast could be a monster return on capital going forward. and that's been a big core holding for quite a while, as well. >> no kidding, you've done well -- you...
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Nov 15, 2012
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we'll ask a top ranked analyst how investors in fiscal cliffs should be playing the current environment when squawk returns. >>> many sectors of the economy would be directly affected if the u.s. economy goes off the fiscal cliff. not the least of which, the financials. we were talking about the white house and the meeting that happened yesterday. only ken chenault, of all the financials, and i don't know if you put him in the traditional category, not a classic wall street guy, is that a problem? >> i think that was an omission, there were no large commercial bankers or wall street bankers in that meeting yesterday. so i thought that was quite interesting that the white house chose not to invite anyone. >> where are you on on financials right now? the stocks have come off. it's been a horrific little ride here. >> it has. the bank stocks have been one of the best performing sectors going into the third quarter. they're up over 20%. they've been one of the weakest sectors since the third quarter results. and i think what's happened is this fiscal cliff has everybody concerned especially
we'll ask a top ranked analyst how investors in fiscal cliffs should be playing the current environment when squawk returns. >>> many sectors of the economy would be directly affected if the u.s. economy goes off the fiscal cliff. not the least of which, the financials. we were talking about the white house and the meeting that happened yesterday. only ken chenault, of all the financials, and i don't know if you put him in the traditional category, not a classic wall street guy, is...
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Nov 12, 2012
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and in these kinds of environments where we see few details often those are the best deals. it's when everyone has confidence and equity markets are up and everyone is feeling great that they do stupid things. >> right. there you go. >> let's check in with bob pisani here on the floor with more of what's moving this morning. >> boy, did i hear dumb talk over the weekend about going over the fiscal cliff. i guess you were going to hear it. go ahead. let them go over the fiscal cliff. who cares. i heard this even from some people whose opinions i respect. well known economists and columnists. good heavens. did anybody look at what happened last time we were talking about this? the fiscal cliff is a wake-up call to politicians. august 2011, we were all here sitting on this floor when they couldn't agree on simple ability to raise the debt ceiling and they downgraded the debt. remember what happened? the s&p dropped 7% that week on the monday after it dropped another 7%. the vix went to 50 for a long time it stayed there. it ruined it the entire summer. almost the entire year of
and in these kinds of environments where we see few details often those are the best deals. it's when everyone has confidence and equity markets are up and everyone is feeling great that they do stupid things. >> right. there you go. >> let's check in with bob pisani here on the floor with more of what's moving this morning. >> boy, did i hear dumb talk over the weekend about going over the fiscal cliff. i guess you were going to hear it. go ahead. let them go over the fiscal...
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Nov 16, 2012
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in realtime it adapts to the environment. nobody needs to turn any knobs or touch anything. >> in terms of your geographic revenue mix, 65% of sales come from foreign customers. what are geographies you're most exposed to? >> we have geographically distributed. our business came from geography. we're not dependent on any particular region. however, this whole mobile internet is really a secular movement that crosses all regions as well as different markets and so we are not dependent on any single market. >> about 90 million in net proceeds to the company from this ipo. what are you going to do with the money? >> i think we will buy some shoes. no. >> that's a lot of shoes. >> there's a lot of investment to be made. we feel very strong about the market so in the near term we are going to certainly invest in our engineering and sales and service but also i think, you know, there are lots of technologies in adjacent markets that are interesting. we may want to grow faster than we would -- >> thank you for stopping by. selina lo
in realtime it adapts to the environment. nobody needs to turn any knobs or touch anything. >> in terms of your geographic revenue mix, 65% of sales come from foreign customers. what are geographies you're most exposed to? >> we have geographically distributed. our business came from geography. we're not dependent on any particular region. however, this whole mobile internet is really a secular movement that crosses all regions as well as different markets and so we are not...
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Nov 8, 2012
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i think the important thing is that it's not the same environment as the summer. in the summer we had a big euro downtrend. we didn't know what the ecb would do. ecb's there now to provide back steps so the moves will be somewhat smaller and that means you'll have to be careful with the entry point and if you have a spike it would sell out again. what kind of spike are we talking about? 129 or so? >> and walk us through the levels there on a possible trade. >> yea. so if we have a spike up to 1.29, you can trade it down to 1.26 and it's a good risk reward. >> it's good to see you. jens nordvick. be sure to catch "money in motion" at 5:30 eastern time and check out "currency class" at "money in motion." that trade is getting more interesting, that's for sure. >> financials bouncing back a bit today after a big sell-off yesterday. one of the street's top analysts mike mayo here to tell us which banks are worth investing in. that's ahead on "squawk on the street." or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you
i think the important thing is that it's not the same environment as the summer. in the summer we had a big euro downtrend. we didn't know what the ecb would do. ecb's there now to provide back steps so the moves will be somewhat smaller and that means you'll have to be careful with the entry point and if you have a spike it would sell out again. what kind of spike are we talking about? 129 or so? >> and walk us through the levels there on a possible trade. >> yea. so if we have a...
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Nov 12, 2012
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that is a real scoop in an environment where there are no deals, david brought us a very good scoop. >> that's why you haven't participated in any of this. there are no other deals. this was the only one. >> not many needles in the hay stack. >> david found the only one. thank you for bringing it here, david. boyd jeffries name. >> what was it exposure in europe? >> egan had all sorts of rhymes and reasons for that company falling apart. >> we'll talk about shipping right now, from i-phones to apparel, cnbc's senior talent producer, lori ann larocco, our staff, incredible producer and her book "dynasties of the sea," and lori ann, reading through this, we know how important shipping is, we talk about it every day but there were things i didn't realize how much of the things in our homes are brought to us from ships. >> 92% of everything in a household has been on a ship and ever since superstorm sandy we've all realized how important shipping is as we're all going through this gasoline crisis. it's really amazing in terms of the wide breadth that the shipping industry has on the econ
that is a real scoop in an environment where there are no deals, david brought us a very good scoop. >> that's why you haven't participated in any of this. there are no other deals. this was the only one. >> not many needles in the hay stack. >> david found the only one. thank you for bringing it here, david. boyd jeffries name. >> what was it exposure in europe? >> egan had all sorts of rhymes and reasons for that company falling apart. >> we'll talk about...
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so we remain cautious, but we do think we'll get through this and i think 2013 will be a better environment for equity. but right now earnings estimates in our opinion are way too high and have to come down. >> so both you guys don't think that we're going to before january 1st get a deal where the bush tax cuts are extended just for those at 12250 or below? >> no. to have any kind of deal with the republicans, obama has to compromise to some degree. >> that's why i want to rise above this and just skip talking about it, but he'll come out today at 1:00 and we'll hear folks at the top will have to pay more. we're going to hear that again. plouffe is quote thed as saying that. can we just cut the bs? they're not going to do it. >> that you will krugman this morning, how far should the president go? my answer is not far at all. obama should hang tough declaring himself willing to hold ground even at the cost of letting his opponents and foot down on a still shaky economy and this is definitely no time to negotiate a grand bargain on the budget that snatches defeat from the jaws of victory p.
so we remain cautious, but we do think we'll get through this and i think 2013 will be a better environment for equity. but right now earnings estimates in our opinion are way too high and have to come down. >> so both you guys don't think that we're going to before january 1st get a deal where the bush tax cuts are extended just for those at 12250 or below? >> no. to have any kind of deal with the republicans, obama has to compromise to some degree. >> that's why i want to...